Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Proofpoint (PFPT) Share Price

News articles about Proofpoint (NASDAQ:PFPT) have trended somewhat positive recently, according to Accern. The research firm identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Proofpoint earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave news stories about the software maker an impact score of 45.8506391436249 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the news stories that may have effected Accern Sentiment’s analysis:

Shares of Proofpoint (PFPT) traded up $0.59 during mid-day trading on Monday, hitting $96.25. 568,852 shares of the stock traded hands, compared to its average volume of 412,170. Proofpoint has a one year low of $70.30 and a one year high of $97.92. The firm has a market cap of $4,320.00, a price-to-earnings ratio of -43.55 and a beta of 1.32. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 11.57.

Proofpoint (NASDAQ:PFPT) last announced its quarterly earnings results on Thursday, October 19th. The software maker reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.07. The company had revenue of $134.30 million during the quarter, compared to analyst estimates of $131.48 million. Proofpoint had a negative net margin of 20.19% and a negative return on equity of 158.19%. The firm’s revenue was up 34.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.19 EPS. sell-side analysts predict that Proofpoint will post -0.88 earnings per share for the current year.

PFPT has been the subject of a number of research reports. Monness Crespi & Hardt initiated coverage on shares of Proofpoint in a report on Monday, October 16th. They issued a “buy” rating and a $110.00 price target for the company. Oppenheimer initiated coverage on shares of Proofpoint in a report on Wednesday, November 1st. They set a “market perform” rating for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $115.00 target price on shares of Proofpoint in a report on Monday, September 11th. Macquarie reaffirmed an “outperform” rating and set a $103.00 target price on shares of Proofpoint in a report on Tuesday, September 26th. Finally, Evercore ISI set a $105.00 target price on shares of Proofpoint and gave the stock a “buy” rating in a report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-two have issued a buy rating to the stock. Proofpoint currently has an average rating of “Buy” and a consensus target price of $102.48.

In related news, CEO Gary Steele sold 40,000 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $90.88, for a total value of $3,635,200.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Eric Hahn sold 5,000 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $83.71, for a total transaction of $418,550.00. Following the completion of the sale, the chairman now directly owns 38,201 shares in the company, valued at $3,197,805.71. The disclosure for this sale can be found here. Insiders sold a total of 165,549 shares of company stock worth $14,886,352 over the last ninety days. 5.96% of the stock is currently owned by insiders.

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About Proofpoint

Proofpoint, Inc is a security-as-a-service provider that enables large and mid-sized organizations to defend, protect, archive and govern their sensitive data. The Company’s security-as-a-service platform consists of an integrated suite of on-demand data protection solutions, including threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery and secure communication.

Insider Buying and Selling by Quarter for Proofpoint (NASDAQ:PFPT)

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